Ministry of Agriculture published the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Rules, 2020

In case of any dispute arising out of transaction between the farmer and the trader in the trade area, it shall be first resolved through mutually acceptable solution through conciliation and for that purpose, the disputing parties may file an application in Form-2 through any mode, including e-filing, within fourteen days from the date of dispute to the Sub-Divisional Magistrate.

SEBI issues guidelines to verify upfront collection of margins

SEBI has reiterated that the applicable upfront margins shall be collected from the clients in advance of the trade. Clearing corporations shall send minimum four snapshots of client-wise margin requirement to TMs/CMs (trading members/clearing members) for them to know the intraday margin requirement per client in each segment.

The Consumer Protection Act, 2019 comes into force

The Central Government has commenced the operation of the The Consumer Protection Act, 2019 on July 20, 2020 in suppression of the Consumer Protection Act, 1986. The new Act was initially published on 9th August, 2019.

CBIC amends All Industry Rates (AIRs) of Duty Drawback

AIRs/caps of Duty Drawback have been enhanced for footwear items and Gold jewelry.
AIRs of Duty Drawback have been rationalized for silver jewelry/articles.
Motor cars with AMT are allowed to claim the same AIRs of duty drawback as given to motor cars with MT